SunPower stock drops over 13% after receiving SEC subpoena related to accounting matters.

From Investing.com: 2024-07-05 10:56:02

SunPower (NASDAQ:) shares fell over 13% following news of receiving a subpoena from the SEC in February related to accounting matters, specifically revenue recognition practices. An internal review is ongoing, with assistance from independent forensic accountants. SunPower is fully cooperating with the investigation. Shares are currently trading at $2.33, down by 13.1%.



Read more at Investing.com: SunPower stock drops on SEC subpoena By Investing.com